Blockchain in Healthcare Market: Trends, Growth & Future Forecast 2024-2031 | IBM, BurstIQ, Guardtime.

The Blockchain in Healthcare Market study by DataM Intelligence provides a comprehensive analysis of the market, delivering valuable insights, detailed statistics, historical trends, and industry-backed market data. The report explores the competitive landscape, focusing on key players in the industry. It evaluates aspects such as product offerings, pricing models, financial performance, product portfolios, growth strategies, and regional expansion to offer a thorough understanding of market dynamics and future trends.

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What is the projected growth of the Global Blockchain in Healthcare market?

The Blockchain In Healthcare Market is estimated to reach at a CAGR of 68.1 % during the forecast period (2024-2031).

What is Blockchain in Healthcare Market?

The Blockchain in healthcare market leverages decentralized technology to enhance data security, interoperability, and transparency in medical records, drug supply chains, and billing processes. Driven by rising cyber threats, regulatory compliance, and demand for secure data sharing, the market is expanding. Adoption of smart contracts, AI integration, and patient-centric healthcare models further accelerates growth.

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Who are the major players in the Blockchain in Healthcare market?

The prominent players in Blockchain in Healthcare market research report are:

IBM, BurstIQ, Guardtime, Akiri, MedicalChain, ProCredEx, Avaneer, Embleema, Chronicled, PokitDok.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Market Dynamics:

Developing an Internet-of-Healthcare System using blockchain is expected to drive market growth.

The Internet-of-Healthcare Systems is a specialized adaptation of Internet of Things (IoT) technology designed for the medical sector. It integrates patient data from multiple hospitals into a decentralized blockchain-based storage system, ensuring top-tier security and accessibility. This approach addresses common security and data management challenges seen in traditional hospital servers, which can be vulnerable to external threats. Currently adopted by over 350 hospitals, the system uses software agents and the Message Queueing Telemetry Transport (MQTT) protocol to efficiently manage thousands of local networks while maintaining seamless and timely operations.

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Market Segments

By Type: Public, Private.

By Application: Drug Supply Chain Management, Drug Discovery and Clinical Trials, Prescription Drug Abuse, Claims Adjudication and Billing Management, Clinical Data Exchange and Interoperability, Others.

By End-User: Pharmaceutical Companies, Healthcare Providers, Healthcare Payers, Others.

The Blockchain in Healthcare industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Regions Covered:

The global Blockchain in Healthcare Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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